1 BTC = 1,000,000 usd

[pabloangello]

Most people would sell at $1000 so $1,000,000 is impossible...

Bitcoin $0.1 - most people would sell at $10
Bitcoin $10 - most people would sell at $100
Bitcoin $100 - most people would sell at $1000
...
..
.
.

[Valerian77]

at best do not sell at all. just keep the coins

[JimboToronto]

Holding is damn hard when you have to pay in fiat to live. Bitcoin can't be used for that so far. Until somebody manages to make a killer app or implement it so I can buy things, it's just a very good speculative instrument. And for me that is like taking your wobber out and pissing on bitcoin's ideology.

Bitcoin is gonna crash soon as everybody cares either for more fiat either for more fiat (you can see screamers saying they want more coins but in fact they want more coins to have more fiat)

Game over.

Actually you can already buy lots of things with a Bitcoin Interac card.

Game just begun.

[Savior]

Sounds about as unrealistic as when people talked about 1000$ when the price was 1$.
Ask yourself if that still seems unrealistic, it is just a question of when aslong as bitcoin stays intact.

[vpitcher07]

Do you think BTC will ever cost a millon dollars?

When?

Yes.

Soon.

U will be able to buy 2 cups of tea for that million bucks.

That brings up a really good point. Sure, a million isn't out the question if inflation hits the fan and shits the bed.

[im3w1l]

It's too much! 1000 is ok, but 10,000?? Let's be serious.

I don't think so, 1million is just too high.... $10,000 is more likely...

Feels like haggling

[neutralist]

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/11/Bitcoin.pdf

This hedge fund manager setting price target of 1 BTC = $1 million USD and re-iterate "Buy" recommendation.

[rocks]

Most people would sell at $1000 so $1,000,000 is impossible...

Bitcoin $0.1 - most people would sell at $10
Bitcoin $10 - most people would sell at $100
Bitcoin $100 - most people would sell at $1000
...
..
.
.

It's completely possible that "most people" are selling at each price point you list above, it's just than every time there is a new larger set of buyers due to exponentially increasing adoption...

[pabloangello]

Most people would sell at $1000 so $1,000,000 is impossible...

Bitcoin $0.1 - most people would sell at $10
Bitcoin $10 - most people would sell at $100
Bitcoin $100 - most people would sell at $1000
...
..
.
.

It's completely possible that "most people" are selling at each price point you list above, it's just than every time there is a new larger set of buyers due to exponentially increasing adoption...

After these "psychologigal barriers" we had already two big drop downs. If this is so far the Bitcoin schema then I hopefuly wait for next big 'crash' to buy cheaper than now
Bitcoin slowly starts to be talked about in mass media like tv/radio, developers will eventually make it easier for avarage non tech-nerd people so it should grow and grow. And then, when local greengrocer will start talk to you about Bitcoin, then it's time to sell.

[BarsMonster]

There will be 21 000 000 bitcoins.
If 1BTC would be 1 000 000 mln dollars then I ask

is there 21 000 000 * 1 000 000 == 21 000 000 000 000 dollars in the world? (21 trillion dollars)

You don't really need 21T$ for that. 1T$ is enough.
Anyway, dollar-hyperinflation is around the corner. We had hyperinflation of major currencies in the past, and will have it again.

1M$ for BTC might be reached easily this way. Of course this won't make you super-rich :-D

When it will happen? Right when China and other countries stop selling goods and resources to US for fiat paper.
Maybe next year. Maybe 2015.

[bobmarley650]

impossible

thats why

21 millions btc  *   1 000 000 dollars equals 21 trillion dollars.  its not reasonable lololol

[pabloangello]

There will be 21 000 000 bitcoins.
If 1BTC would be 1 000 000 mln dollars then I ask

is there 21 000 000 * 1 000 000 == 21 000 000 000 000 dollars in the world? (21 trillion dollars)

You don't really need 21T$ for that. 1T$ is enough.
Anyway, dollar-hyperinflation is around the corner. We had hyperinflation of major currencies in the past, and will have it again.

1M$ for BTC might be reached easily this way. Of course this won't make you super-rich :-D

When it will happen? Right when China and other countries stop selling goods and resources to US for fiat paper.
Maybe next year. Maybe 2015.

Hmm, dollar is not only currency you can exchange BTC for.
Even with hyperinflation of dollar, let's think. What is the % of internauts (not even avarage people that use internet occasionaly) that has some bitcoins? 1%? Maybe even no. And now imagine that 100% internauts bought some BTC like every of them has fiat money on internet bank accounts. How many will it increase oBTC value? 10 times, 100, 1000? I don't know but I am sure A LOT couse there is limited about of bitcoin.

[Thenen]

That would take few hundred years when there is no such thing is miners...

[jubalix]

hang on but M1 is not what btc is looking to replace, more like finical instruments etc, that a much bigger amount than M1.

Given we price companies in currency eg, apple IBM etc etc, and we are making a currency here, I don't see why BTC will be much Higher than 1T.

[ninjafocus100]

in 3 minutes. lol 

[Aristotle]

You don't really need 21T$ for that. 1T$ is enough.
Anyway, dollar-hyperinflation is around the corner. We had hyperinflation of major currencies in the past, and will have it again.

1M$ for BTC might be reached easily this way. Of course this won't make you super-rich :-D

When it will happen? Right when China and other countries stop selling goods and resources to US for fiat paper.
Maybe next year. Maybe 2015.

I really don't think China and other countries will abandon the dollar anytime soon. If they wanted USD inflation, they could just sell all the U.S. treasury securities they hold. The entire reason they buy all these securities is to slow CNY deflation relative to USD. Countries with high trade surpluses with the U.S. would have the most to lose on USD inflation.

[neutralist]

impossible

thats why

21 millions btc  *   1 000 000 dollars equals 21 trillion dollars.  its not reasonable lololol

The US national debt worth $17 trillion.

The American financial markets, derivatives and unfunded liabilities exceeded $1 quadrillion.

However all that can be paid off by minting a quadrillion-dollar platinum coin.

[BarsMonster]

I really don't think China and other countries will abandon the dollar anytime soon. If they wanted USD inflation, they could just sell all the U.S. treasury securities they hold. The entire reason they buy all these securities is to slow CNY deflation relative to USD. Countries with high trade surpluses with the U.S. would have the most to lose on USD inflation.

They don't sell bonds only because there is no use for all these money. You literally cannot buy anything with it. Free market is an illusion.

And when whole world monetary system goes down - those wins who have real manufacturing facilities. Read China.

[neutralist]

America have oil by annexing canada and mexico. America can seize natural assets by using its military. America has manufacturing capabilities, just it is not woke up yet. America has too many Zionists, that's a major road block to prosperity.

[mearylll]

impossible

thats why

21 millions btc  *   1 000 000 dollars equals 21 trillion dollars.  its not reasonable lololol

The US national debt worth $17 trillion.

The American financial markets, derivatives and unfunded liabilities exceeded $1 quadrillion.

However all that can be paid off by minting a quadrillion-dollar platinum coin.

No need for quadrillion-dollar platinum coin, steady inflation will do the trick and interest from quadrillion-dollar debt can be payed. This inflation trick is cheat, but you should never ever save USD as investment